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-0.000451467268623095 0 -0.000451467268623095 -0.00090293453724603 -0.000812641083521475 -0.00090293453724603 0.00180586907449206 0.00451467268623015
Stock impact report

Newrez Charts Path to Industry-First, AI-Powered Mortgage Underwriting Solution; Announces Strategic Investment in HomeVision

Rithm Capital Corp. (RITM) 
Company Research Source: Business Wire
Companies will create an end-to-end, next-generation underwriting platform that covers all underwriting components, including collateral, income, assets, and credit.AI-powered solution will lower origination costs, enhance accuracy, and deliver a faster, more seamless underwriting experience for homebuyers. FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Newrez LLC (“Newrez”), a top five mortgage lender and servicer, announced today a strategic investment in HomeVision to develop an industry-first, AI-powered mortgage underwriting solution to accelerate the underwriting and loan review process across loan types. HomeVision is a leading B2B SaaS platform focused on utilizing advanced machine intelligence to expedite the mortgage underwriting process.Newrez already leverages HomeVision’s industry-leading MIRA collateral underwriting AI technology, which has doubled operational efficiency in Newrez’s collateral underwriting. By expanding this capability across the remaining three key underwrit Show less Read more
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